首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
With housing prices down significantly in many parts of the country and interest rates low, it may be an affordable time for twe
With housing prices down significantly in many parts of the country and interest rates low, it may be an affordable time for twe
admin
2015-01-30
75
问题
With housing prices down significantly in many parts of the country and interest rates low, it may be an affordable time for twentysomethings to buy that first home.
In some instances, the price of owning can be comparable to renting in the long run. But a lot of uncertainty still remains about the housing market and the economy—making the decision to buy more complicated.
Nicole Stivers, a 24-year-old who works in public relations in Contra Costa County, Calif., purchased her first home with her fiance in February. They were able to capitalize on what she calls a "perfect storm"—job stability, a desire to settle down, a surge in home foreclosures and the $8,000 tax credit for first-time buyers. Still, the move was not without its concerns. "Would we be able to afford this if we both lost our jobs? Do we have enough for a down payment? Do I have enough for moving? It’s really nerve-racking when you’re first doing it," says Ms. Stivers.
Here are some questions to consider when deciding if buying or renting is the right choice for you.
How long do you plan to stay in your home? "There are high transaction costs associated with buying and selling a house," says Dean Baker, co-director at the Center for Economic and Policy Research, so home buyers should plan to stay put for at least four to five years.
The reasoning? The costs for buying and then selling a home—which can include a real-estate agent’s fee, a transfer fee, closing costs, and inspector and surveyor fees—could add up to about 10% of the sale price, or roughly 1.5 years worth of rent. "If you average that over 10 years, it is not that big a deal," says Mr. Baker, "But if you average it over, say two years, you’re paying an awful lot of money to own a house for a short period of time."
Can you handle the monthly expense? While a monthly mortgage payment may be comparable in some cases to a monthly rent, there are other expenses to consider. To get a feel for the financial burden you’ll be taking on—and to see if you can handle it—"practice" making payments. "Each month, set aside projected mortgage and property-tax payments, maintenance costs, utilities and any other home-related expenses into a separate savings account," says Gary Smola, a certified financial planner with financial-educational firm Financial Finesse.
What’s the price-to-rent ratio? Home prices have come down significantly in some areas of the country, but "nobody knows what tomorrow’s going to bring in the housing market," says Daniel Morris, a certified public accountant in San Jose, Calif.
To determine whether it makes more financial sense to buy or rent in your area, compare home sales prices with the cost of renting a similar place. Divide the price of the home by the total cost of rent for one year. "If the result is more than 20, I’d be very concerned that the price of the home might fall more," says Mr. Baker, "and you should consider waiting to buy." "If it’s 15 or below," he says, "you’re probably reasonably safe with prices holding steady or growing."
What is your job and relationship status? Twentysomethings are still getting a grasp on their futures and a constantly changing lifestyle might require the flexibility of renting. "But if your career stability is strong, you are comfortable doing what you’re doing and you are committed in some form to your lifestyle," Mr. Morris says, buying a home becomes a more attractive option.
Directions: Decide whether the following statements are True or False.
For twentysomethings, it’s an attractive choice to buy a house.
选项
A、TURE
B、FALSE
答案
B
解析
转载请注明原文地址:https://kaotiyun.com/show/UsNK777K
本试题收录于:
C类竞赛(非英语专业本科)题库大学生英语竞赛(NECCS)分类
0
C类竞赛(非英语专业本科)
大学生英语竞赛(NECCS)
相关试题推荐
MakeYourHolidaysMoreMeaningfulⅠ.Whattodobeforetheholidayseason1)【T1】________aweeklycalendar2)start
DoSomethingtoImproveYourLifeⅠ.Wrongopinionstowardslife1)thewrongopinionsofpeople—havetoacceptwha
Whichofthefollowingphrasescanbeusedtocomplete"Susancan’twaittoputon________dress"?
Sincetheearlynineties,thetrendinmostbusinesseshasbeentowardon-demand,always-availableproductsandservicesthatsu
Youarecurrentlyinamuddlewherefinancialand________concernsaretangledtogether.
TheGreatMistakeHaveyoueverreachedintherefrigeratorforyourfavouritesnackandfounditcoveredwithanasty-look
Theseniorprofessortoldhisstudentsto______ontheirstudies.
Nowadays,moreandmoreyoungpeoplearechoosingtoleavetheirjobsandfollowtheirdreamofsettinguptheirownbusiness.
中国是世界上种茶最早、制茶最精、饮茶最多的国家,是茶的故乡。最初,茶只是被作为一种药材而非饮品。【T1】后来,古人逐渐将茶从药材中分离出来成为一种清热的饮料。(定语从句)在那之后,中国的茶文化逐渐形成。【T2】据史料记载,西汉时期已经有
Theleadershippuzzlehasbeenhashedaroundfordecades.Theirabilitieshavebeencomparedtoorchestraconductorswhocan
随机试题
假设计算机显示器的颜色质量为256色,则一个像素需要占用________bit。
A.氨茶碱B.氯化铵C.喷托维林D.肾上腺皮质激素E.异丙基阿托品
前瞻性队列研究和回顾性队列研究的主要区别在于
李某系某大型企业运输队司机。2004年10月7日下午,李某在厂内驾车从甲车间往乙车间运送生产原料。由于中午饮酒较多加上没有休息,李某非常困倦,精力不集中,结果在乙车间内倒车准备卸货时,操纵不慎,撞倒车间内一排原料箱,将两名女工当场砸倒在地,一名重伤,一名经
某企业拟建一个市场急需产品的工业项目。建设期1年,运营期6年。项目建成当年投产。当地政府决定扶持该产品生产的启动经费100万元。其他基本数据如下。1.建设投资1000万元。预计全部形成固定资产,固定资产使用年限10年,期末残值100万元。投产当年又投入资
矿山井巷工程的开拓方式分为()。
资格预审程序正确的是( )。
不当得利:是指非法定原因而得到利益,致使他人受损失的事实。根据上述定义,下述不构成甲、乙不当得利关系的是()。
进食障碍包括_____________和_____________。
FiveBadStudyHabitsIfyouhavepreparedforthetestsformanyhours,andyetyoustillfailintheexam,youmighthavesome
最新回复
(
0
)